Standard Chartered's Zarin Daruwala to Retire After Transformative Stint

Zarin Daruwala, India and South Asia CEO for Standard Chartered, will retire at the end of FY25. Under her leadership since 2016, India's market significantly grew. The bank credits her for emphasizing cross-border solutions and fostering a strong risk and compliance culture.

Zarin Daruwala, the Chief Executive Officer for India and South Asia at Standard Chartered, is set to retire at the conclusion of the fiscal year 2025. A seasoned banker, Daruwala joined the foreign bank in 2016.

Under her guidance, India emerged as one of the largest markets for the lender, particularly due to her focus on cross-border solutions in corporate and investment banking, as well as priorities in wealth and retail banking.

Her strategic efforts are credited with cultivating a robust risk and compliance culture within the organization. Daruwala, who joined Standard Chartered from ICICI Bank, where she led corporate credit, will turn 60 in February.

(With inputs from agencies.)